Moolec Science (NASDAQ:MLEC) Shares to Reverse Split on Wednesday, May 14th

Moolec Science SA (NASDAQ:MLEC)’s stock is scheduled to reverse split before the market opens on Wednesday, May 14th. The 1-10 reverse split was announced on Tuesday, April 29th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, May 13th.

Moolec Science Price Performance

NASDAQ MLEC opened at $0.75 on Friday. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.76 and a current ratio of 1.51. The firm’s 50 day moving average price is $0.70 and its 200-day moving average price is $0.78. Moolec Science has a 52-week low of $0.53 and a 52-week high of $1.45. The company has a market cap of $28.80 million, a PE ratio of -3.57 and a beta of -0.33.

Moolec Science (NASDAQ:MLEC) last announced its earnings results on Wednesday, April 16th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $2.64 million during the quarter, compared to the consensus estimate of $2.01 million. Moolec Science had a negative net margin of 140.32% and a negative return on equity of 119.34%.

About Moolec Science

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product.